§ 2809.2. Properly Completed Application - Specific Interest Multi-Site Time-Share Plan.

An application for a final public report for a specific time-share interest multi-site time-share plan is “properly completed” within the meaning of Section 11231 of the Code if it contains the documents and information enumerated below:

(a) With regard to the component site(s) in which the purchaser will receive a specific time-share interest along with a reservation priority right at that specific timeshare property, all of the applicable information related to that component site as required under Section 2809.1.

(b) With regard to the component site(s) in which the purchaser does not receive a specific time-share interest, the information required by Section 11234(b) and evidence:

(1) that the accommodation is presently suitable for human occupancy or that financial arrangements have been made to complete construction or renovation of the accommodation to make it suitable for human occupancy on or before the first date for occupancy by a time-share owner, and

(2) that there is an enforceable use right assuring occupancy of the accommodation by a time-share owner.

HISTORY

1. New section filed 5-5-2005; operative 7-1-2005 (Register 2005, No. 18).

Note

Note: Authority cited: Section 11281, Business and Professions Code. Reference: Sections 11226, 11231 and 11234, Business and Professions Code.